Oil prices inched lower early on Thursday in jittery trade as parts of Shanghai returned to COVID lockdowns just a week after reopening, overshadowing another drop in U.S. gasoline inventories and strong fuel demand globally despite record-high prices. As of 10:43 a.m. EST, WTI Crude was down 0.19% at $121.
86, and the international benchmark, Brent Crude, traded down by 0.02% at $123.56. Oil prices were up in earlier trade on Thursday after the Energy Information Administration (EIA) reported a small crude build and a gasoline draw on Wednesday.…Oil Slips As Lockdowns Return To Parts Of Shanghai
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